Solar Panel Cost Guide in Nephi, UT (2024 Update)
- Nephi Solar Installation Cost: $12,004
- 25-Year Savings: $16,399
- Payback Period: 11.5 Years
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Average Cost of Solar Panels in Nephi
Find out what the average cost of a solar system is in Nephi.
The national average cost of solar panels is $2.66 per watt, but in Nephi it’s 3 per watt.The average solar panel system size in Nephi is around 5.2 kilowatts, meaning a cost of about $12,004 for a solar installation, or $17,166 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual cost of going solar can vary depending on several factors, such as what size system you need, your energy usage and what installation company you go with.With typical savings of about $19,000 on power bills over 20 years, many homeowners in Nephi find going solar can pay off big.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Nephi
| Year | Return on Investment |
|---|---|
| 1 years | $-11,008 |
| 3 years | $-9,015 |
| 5 years | $-7,023 |
| 7 years | $-5,031 |
| 9 years | $-3,039 |
| 11 years | $-1,046 |
| 13 years | $946 |
| 15 years | $2,938 |
| 17 years | $4,930 |
| 19 years | $6,923 |
| 21 years | $8,915 |
| 23 years | $10,907 |
| 25 years | $12,899 |
Top Solar Installers in Nephi
Trying to put up solar panels on your own can be a time-consuming task, which is why hiring a solar installer is a good option for many homeowners. Another great thing about using a vetted solar installer is that it'll provide warranties and free repairs, which help protect your investment.
Working with a vetted solar company can help your solar project go smoothly. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Outstanding Local Installer
ES Solar
- Representatives are experts on local policies
- Lifetime workmanship warranty
- Outstanding customer service
- No leases or PPAs
- Energy audits only available 12 months after installation
Solar Veteran
Creative Energies
- Certified B Corp
- Outstanding customer service
- Many years of experience
- Multitude of products and services
- No leases or PPAs
- Slightly expensive
See all of the solar companies in Nephi
Factors that Affect Solar Panel Costs in Nephi
For many Nephi homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Nephi, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,290. There are many different solar panel brands and the one you pick also changes the cost. Usually, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are available from most installers in Nephi, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible.However, the interest on solar loans also increases your all-in costs, so it’s vital to keep that in mind as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you opt for to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar panel companies in Nephi, and each can charge different amounts for labor and equipment.Additionally, some companies in Nephi are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.42 | $14,371 | $15,762 | 11.9 years |
| 8 kW | $3.36 | $18,792 | $21,385 | 11.7 years |
| 10 kW | $3.29 | $23,030 | $27,192 | 11.5 years |
| 12 kW | $3.22 | $27,083 | $33,183 | 11.2 years |
| 14 kW | $3.16 | $30,952 | $39,358 | 11.0 years |
| 16 kW | $3.09 | $34,637 | $45,717 | 10.8 years |
| 18 kW | $3.03 | $38,138 | $52,261 | 10.5 years |
| 20 kW | $2.96 | $41,454 | $58,989 | 10.3 years |
How to Save on Solar Panels
The solar company you opt for will affect not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, such as:
- Solar Panel Brands: The kind of solar panel you need to install plays a role in which company you should go with, since different companies offer different panels.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Contract: Look through the contract terms closely to make sure you understand the cost breakdown, project timeline rebates and warranties.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Outstanding Local Installer
ES Solar
- Representatives are experts on local policies
- Lifetime workmanship warranty
- Outstanding customer service
- No leases or PPAs
- Energy audits only available 12 months after installation
Solar Veteran
Creative Energies
- Certified B Corp
- Outstanding customer service
- Many years of experience
- Multitude of products and services
- No leases or PPAs
- Slightly expensive
EcoWatch's Nephi, UT Solar Cost FAQs
What is the average cost of installing solar panels in Nephi?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $16,450 for a 5-kW system and $32,900 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Are solar panels free in Nephi?
You can’t get solar panels for free in Nephi. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Nephi?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
How long do solar panels last in Nephi?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.